Recently bought quite a few rolls common-date Morgan $ rolls stored in paper wrappers. I'm sending this beautifully toned (hard to capture it in a picture) 1882-O to PCGS. When it comes back (probably MS-62 or MS-63, what is the value? What is the premium in dollars or percentage markup over the grey sheet value of the coin? I'm sure there's no correct or right/wrong answer to this. But would like opinion of more experienced collectors/dealers.
Also have an 1888-P (similar rainbow toning on about half to two-thirds of the coin) but it was on the other end of the paper roll and is toned on the REVERSE. Is the REVERSE rainbow-toned coin as popular with collectors as one rainbow-toned on the OBVERSE? Priced the same, lower or higher?
Looks like a bag toned dollar that was placed in a roll. Hard to see clearly from my cellphone, but I worry about the area along the rim from about 2 o'clock to 6 o'clock. When you twirl the coin, is the luster interrupted through the black toning? If the black has a flat look to it, and the luster is interrupted, it has reached terminal toning. If the black offers the same flash as the rest of the coin, it is fine. There is no formula for price on these, as every piece is unique and must be considered on it's own (grade, mint, scarcity, and most importantly eye appeal). Obverse is the money side, reverse offers very little premium. Edited to add a welcome to our forum.
As @hadleydog posted, the toning on this coin does not appear to be the result of toning while rolled. It sure looks like a bag toned coin and it appears to have reached terminal stage between 2 and 6. A reverse toned Morgan would need to be exceptional to bring any sort of decent premium. I kind of sound like a parrot but @hadleydog nailed it..